Michael D. Capellas - Aug 25, 2022 Form 4 Insider Report for FLEX LTD. (FLEX)

Role
Director
Signature
/s/ Michael D. Capellas, by Heather Childress as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Aug 25, 2022
Transactions value $
$0
Form type
4
Date filed
8/26/2022, 08:34 PM
Previous filing
Jun 30, 2022
Next filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +9.87K +3.64% $0.00 281K Aug 25, 2022 Direct F1
transaction FLEX Ordinary Shares Award $0 +2.67K +0.95% $0.00 284K Aug 25, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 25, 2022, the Reporting Person was awarded a total of 9,871 restricted share units ("RSUs") pursuant to the terms of the annual equity award to Non-Employee Directors under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal Year 2022 Non-Employee Directors' Compensation" beginning on page 38 of the Issuer's Proxy Statement filed with the SEC on June 30, 2022. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2023 annual general meeting.
F2 On August 25, 2022, the Reporting Person was awarded a total of 2,668 RSUs pursuant to the terms of the additional annual equity award to the Chairman of the Board under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal Year 2022 Non-Employee Directors' Compensation" beginning on page 38 of the Issuer's Proxy Statement filed with the SEC on June 30, 2022. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2023 annual general meeting.
F3 Includes 12,539 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2023 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.